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| Jeffeerson Commons Shopping Center, Louisville, KY |
ATLANTA, GA (Aug. 20,
2015) – Lincoln Property Company Southeast (Lincoln) has acquired the
196,488-square-foot Jefferson Commons,
a neighborhood shopping center located in Louisville, Kentucky on behalf of
American Realty Capital - Retail Centers of America I & II, a publicly
registered, non-traded REIT. GBT Realty Corp. sold the property for $36
million.
Jefferson Commons is
conveniently located minutes from I-65, I-265 and the Louisville International
Airport. Academy Sports + Outdoors anchors the center, and additional retailers
include hhgregg, Michaels and Shoe Carnival.
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| Tony Bartlett |
American Realty Capital –
Retail Centers of America I & II seeks to acquire existing anchored,
stabilized, retail properties, including power centers, lifestyle centers,
grocery-anchored shopping centers and other need-based shopping centers located
in the United States. The REIT currently owns more than 25 properties across
the country.
“The retail sector
continues to show strong signs of improvement, and well-tenanted assets in good
locations are in high demand,” said Tony Bartlett, senior vice president of
Lincoln. “Jefferson Commons includes an excellent tenant mix and a centralized
location that was appealing to us as a buyer.”
For more information on
the Southeast Region of Lincoln Property Company, please visit www.lpcsoutheast.com
To check out the blog, go
to www.lpcsoutheast.com/blog.
For a
complete copy of the company’s news release, please contact:
Savannah Duncan
The Wilbert Group
404-343-0870
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